SKALE Labs Launches BITE Protocol to Eliminate $1.8B MEV Threat
SKALE Labs has launched the BITE Protocol (Blockchain Integrated Threshold Encryption), a consensus-level solution aimed at eradicating Maximal Extractable Value (MEV) from blockchain transactions. MEV, which refers to the profits that validators and miners can extract by reordering transactions within a block, has been a persistent issue in blockchain networks, leading to over $1.8 billion…